John Gokongwei, Jr.

Children – 6 Gokongwei started a cornstarch plant in the 1950s and transformed it into JG Summit with interests in food and beverages, airlines, telecoms, property development, banking, hotels and power generation. He owns a stake in publicly listed Robinson Retail Holdings and franchises for True Value, Top Shop, Toys R Us, Daiso. His retailers have more than 1,500 outlets. Gokongwei’s brother James Go chairs JG Summit. Gokongwei’s son Lance is president and his daughter Lisa runs Summit Media with more than 20 magazine titles including Forbes Philippines, which launched in 2014.

*Bilyonaryo rankings based on Forbes.com real-time results February 13, 2018